SELL & RENT HDBS IN JURONG EAST ESTATE
Jurong East (裕廊东) is a key regional hub in the western part of Singapore, known for its transformation from an industrial area into a bustling residential and commercial district.
Part of the South West CDC, it is well-connected by the Jurong East MRT interchange station (East-West and North-South Lines) and major expressways like the PIE and AYE.
Jurong East offers residents a self-contained lifestyle with comprehensive amenities. Its ongoing development as part of the Jurong Lake District promises even more exciting changes ahead.
These are some of the HDB subzones in the Jurong East estate:
- Teban Gardens
- Toh Guan
- Yu Hua
My connection to Jurong East dates back to my early career days at Creative Technology. My colleagues and I explored the countless eateries around Jurong East MRT and IMM during our lunch breaks.
The abundance of food options meant we were always spoilt for choice.
QUICK LINKS
HDB JURONG EAST BRANCH OFFICE
7 INTERESTING FACTS ABOUT JURONG EAST HDB ESTATE
(a) Industrial Beginnings:
Jurong East was once part of Singapore’s first industrial estate in the 1960s. It transformed from a mangrove swamp with fish and prawn ponds into a thriving industrial hub, marking the start of its growth into a vibrant town.
(b) Historical Development:
Public housing development in Jurong East began in the 1970s. It helped transform the area from an industrial zone into a bustling residential town, contributing to its steady growth as a vibrant community.
(c) Singapore’s Second CBD:
Jurong East is being developed into Singapore’s second Central Business District (CBD). The ambitious Jurong Lake District project aims to create 100,000 new jobs and transform the area into a “district of the future.”
(d) Convenience and Connectivity:
Jurong East is a key transport hub with access to multiple MRT lines, including the East-West and North-South lines. The upcoming Jurong Region Line will further enhance connectivity, making it even more convenient for commuters.
Construction work has commenced on the Jurong East integrated transport hub. This is targeted to complete in year of 2027.
(e) Jurong Lake Gardens:
The newly revamped Jurong Lake Gardens is Singapore’s third national garden and the first located in the heartlands. It features beautiful wetlands, playgrounds, and water sports facilities, offering residents a unique recreational space.
(f) Shopping and Dining:
The area is home to several large shopping malls, such as IMM, JEM, and Westgate, which offer a wide range of retail and dining options, making it a lively shopping and entertainment destination.
(g) Affordable Living:
Compared to other parts of Singapore, Jurong East offers relatively affordable housing options, making it an attractive location for families and individuals seeking urban conveniences without the high cost of living.
Are you considering selling, buying or renting out your HDB flat in Jurong East?
Or simply curious about the HDB housing scene in Jurong East?
Check out the HDB median resale prices and rental statistics for Jurong East below.
I will be updating these statistics every quarter.
HOW ARE HDB RESALE PRICES IN JURONG EAST?
Quarterly Jurong East HDB Median Resale Prices up to Q3 2024
SALE ANALYSIS FOR JURONG EAST HDB RESALE FLATS
Note: All prices shown are median resale prices. The median price represents the middle value when all transactions in a quarter are arranged from lowest to highest, providing a better representation of the typical price than an average would.
(a) RECENT TREND ANALYSIS (2020-2024)
From 2020-Q1 to 2024-Q3, Jurong East’s resale market showed strong growth:
3-Room Flats:
- Starting median price (2020-Q1): $268,000
- Current median price (2024-Q3): $395,000
- Median price appreciation: 47.4% in ~4 years
Key Observations:
- Steady upward trajectory
- Current price is historical peak
4-Room Flats:
- Starting median price (2020-Q1): $375,000
- Current price (2024-Q3): $510,000
- Median price appreciation: 36% in ~4 years
Key Observations:
- Moderate but steady appreciation
- Current price near historical peak
5-Room Flats:
- Starting median price (2020-Q1): $475,000
- Current price (2024-Q3): $700,000
- Median price appreciation: 47.4% in ~4 years
Key Observations:
- Current price is recent peak
- Strong recovery from 2020 low
Executive Flats:
- Very limited recent data
- Only appears in 2020-Q4 to 2021-Q3
- Price range: $640,000 to $760,000
(b) LONG TERM GROWTH (2007-2024)
Overall price changes from earliest data point to 2024-Q3:
3-Room Flats:
- Starting median price (2007-Q2): $168,000
- Current median price (2024-Q3): $395,000
- Total median price appreciation: 135.1%
4-Room Flats:
- Starting median price (2007-Q2): $237,000
- Current median price (2024-Q3): $510,000
- Total median price appreciation: 115.2%
5-Room Flats:
- Starting median price (2007-Q2): $298,500
- Current median price (2024-Q3): $700,000
- Total median price appreciation: 134.5%
Executive Flats:
- Starting median price (2007-Q2): $408,000
- Limited recent data
P.S. HDB provides the median resale price for a flat type only if the estate has at least 20 transactions for that quarter. This explains why some of the line graphs for HDB flats in Jurong East have gaps. There were less than 20 transactions in those quarters.
HIGHEST RESALE PRICE
Highest resale price achieved for the different Jurong East HDB flat types in 2024-Q3:
a) HDB 3-room flat: $565,000 @ 240A Jurong East Avenue 1
b) HDB 4-room flat: $690,000 @ 22 Teban Gardens Road
c) HDB 5-room flat: $918,880 @ 264 Jurong East Street 24
d) HDB executive flat: $1,080,000 @ 287B Jurong East Street 21
Looking to sell your Jurong East HDB flat or explore your upgrading options?
I’ve helped many sellers. I can help you, too.
HOW ARE HDB RENTAL PRICES IN JURONG EAST?
Quarterly Jurong East HDB Median Rental Prices up to Q3 2024
RENTAL ANALYSIS FOR JURONG EAST HDB FLATS
(a) RECENT TREND ANALYSIS (2020-2024)
From 2020-Q1 to 2024-Q3, Jurong East’s rental market showed strong growth:
3-Room Flats:
- 2020-Q1: $1,700 → 2024-Q3: $2,700
- Increase: +58.8%
4-Room Flats:
- 2020-Q1: $2,000 → 2024-Q3: $3,400
- Increase: +70%
5-Room Flats:
- 2020-Q1: $2,275 → 2024-Q3: $3,700
- Increase: +62.6%
Executive Flats:
- 2020-Q2: $2,500 → 2024-Q3: $4,050
- Increase: +62%
Key Observations:
- Steepest rise began in 2022 due to post-pandemic demand
- 4-room flats saw highest percentage increase
- Rental gaps range from $300 to $700 between flat types
- Executive flats show intermittent transaction volume
(b) LONG TERM GROWTH (2007-2024)
Overall price changes from earliest data point to 2024-Q3:
3-Room Flats:
- 2007-Q2: $950 → 2024-Q3: $2,700
- Total Growth: +184.2%
4-Room Flats:
- 2007-Q2: $1,200 → 2024-Q3: $3,400
- Total Growth: +183.3%
5-Room Flats:
- 2007-Q2: $1,250 → 2024-Q3: $3,700
- Total Growth: +196%
P.S. HDB provides the median rental price for a flat type only if the estate has at least 20 transactions for that quarter. This explains why the line graph for executive flats in Jurong East has gaps. There were less than 20 transactions in those quarters.
HIGHEST RENT
Highest rent achieved for the different Jurong East HDB flat types in 2024-Q3:
a) HDB 3-room flat: $3,400 @ multiple locations
b) HDB 4-room flat: $4,600 @ 322 Jurong East Street 31
c) HDB 5-room flat: $5,000 @ 212 Jurong East Street 21
d) HDB executive flat: $4,900 @ multiple locations
Looking to rent out your Jurong East HDB flat or explore your options?
I’ve helped many landlords. I can help you, too.
Check out the sales & rental trends in other HDB towns in Singapore.
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WHAT BRINGS YOU HERE TODAY?
Are you wondering what to do in today’s market?
Perhaps you already have a clear mind of what you want to do?
In my blog, I often share stories of the challenges, triumphs, and lessons learned in my work as a real estate agent in Singapore.
Regardless of your situation, you can use me as a sounding board. I’ll provide perspective and clarity from my experience.
